(NVAE) Savanna East Africa Announces $10 Million Annual Revenue Forecast


DALLAS, TX--(Marketwire - July 28, 2010) - Savanna East Africa, Inc. (PINKSHEETS: NVAE) (OTCQB: NVAE) plans to release a Webcast tomorrow, July 29th, on its corporate website (www.savannaea.com) presenting the Company's $10 million annual revenue forecast. Savanna is a fully-reporting company with audited financial statements. Savanna recently completed a corporate reorganization and restructuring to support a strategic business plan update and renewal.

CEO Letter to Shareholders

Savanna recently published a letter to shareholders from Chief Executive Officer (CEO) Philip Verges detailing the Company's innovative strategic expansion into developing a variety of high growth business opportunities in East Africa. The letter includes a brief history of the pioneering business strategy in East Africa and acquisition pipeline.

The letter is available in its entirety here: http://www.savannaea.com/news/news72210_1.html.

Greenfield Webcast on Nairobi Summit

Savanna recently released a Webcast providing a progress update following a NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) Greenfield summit the Company hosted in Nairobi, Kenya last week. Savanna joined the Greenfield program earlier this year and the program has been an integral part of the Company's development.

The Webcast reviews a letter of intent to acquire a systems integration operation in Nairobi and other projects the Company has been working on both independently and in partnership with Greenfield partners NuMobile, Inc. (OTCBB: NUBL) and China Crescent Enterprises, Inc. (OTCBB: CCTR), to include initiatives in mobile wallet technology, wireless metering, health product manufacturing and affordable housing.

Savanna East Africa has partnered with NuMobile, a mobile software and security provider, in the region to jointly pursue opportunities to include mobile cash and wireless utility support solutions. Savanna East Africa is working with China Crescent to offer high quality, affordable technology solutions sourced from China in the emerging market of East Africa. The NewMarket Greenfield Program endeavors to develop a broad variety of early stage, emerging market businesses opportunities with a high growth potential.

The Webcast is available on the Company's new corporate website www.savannaea.com under News & Webcasts, titled 'NewMarket Greenfield Partners Summit Webcast (July 23, 2010)' or directly at http://www.savannaea.com/webcasts/wbgf_72310.html.

Savanna East Africa Information and Email Newsletter

To learn more about Savanna East Africa and to sign up for company email alerts, please visit the newly launched corporate website at www.savannaea.com.

About Savanna East Africa, Inc. (www.savannaea.com)

Savanna East Africa, Inc. (NVAE), previously named Nova Energy, Inc., launched an updated corporate strategy early this year to pursue several business lines in the growing economy of East Africa, initially in Kenya. Nova has already begun several initiatives in the region to include initiatives in the Technology, Utility, Housing and Health products industries. The Company is also continuing to grow its existing oil and gas reclamation business with new management and business strategies.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

Contact Information:

Contact:
Savanna East Africa, Inc.
info@savannaea.com
214-722-3044